"I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation"
- Paul Ryan
About this Quote
This quote by Paul Ryan is discussing the estate tax, which is a tax troubled the transfer of residential or commercial property after the death of the owner. Ryan is arguing that the estate tax is not a tax that only affects the rich, but rather a tax on capital that can have an unfavorable effect on job development. He is suggesting that the estate tax can be a deterrent to business financial investment, which can lead to less tasks being created. Ryan is also suggesting that the estate tax is a double tax on death, as the owner of the residential or commercial property has actually already paid taxes on the income used to purchase the home. Eventually, Ryan is arguing that the estate tax need to be re-evaluated in order to guarantee that it does not have an unfavorable impact on task creation.
This quote is written / told by Paul Ryan somewhere between January 29, 1970 and today. He/she was a famous Politician from USA.
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